Seawanhaka Corinthian Yacht Club
- Assets
- $6.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 85
- Location
- Centre Island, NY
- Founding
- 10/1934
- Data as of
- 12/2021
- EIN
- 11-1310150
Organization Overview
Seawanhaka Corinthian Yacht Club is located in Centre Island, NY. The organization was established in 1934. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Seawanhaka Corinthian Yacht Club employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seawanhaka Corinthian Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Seawanhaka Corinthian Yacht Club generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE ITS MEMBERS TO BECOME PROFICIENT IN THE PERSONAL MANAGEMENT, CONTROL AND HANDLING OF THEIR YACHTS IN EVERY CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Satory Boatyard Manager | 40 | $142,800 | |
Tomas Ruiz General Manager | 40 | $121,708 | |
Danielle Imparato Assistant Controlle | 40 | $115,462 | |
Arthur Bohner Boatyard Assistant Manager | 40 | $101,031 | |
Jean-Pierre Blaise Commodore | OfficerTrustee | 3 | $0 |
Robert W Fagiola Vice-Commodore | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,100 |
| Total Program Service Revenue | $2,181,648 |
| Investment income | $9,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,015,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,659,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,841,566 |
| Pension plan accruals and contributions | $43,338 |
| Other employee benefits | $322,382 |
| Payroll taxes | $212,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $228 |
| Fees for services: Accounting | $20,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,338 |
| Advertising and promotion | $0 |
| Office expenses | $165,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $349,407 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,428 |
| Insurance | $332,657 |
| All other expenses | $0 |
| Total functional expenses | $5,432,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,016,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,687,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,952 |
| Prepaid expenses and deferred charges | $169,833 |
| Net Land, buildings, and equipment | $2,589,713 |
| Investments—publicly traded securities | $269,654 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,884,426 |
| Accounts payable and accrued expenses | $402,413 |
| Grants payable | $0 |
| Deferred revenue | $1,259,177 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $212,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,519 |
| Total liabilities | $1,890,906 |
| Net assets without donor restrictions | $4,723,866 |
| Net assets with donor restrictions | $269,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,884,426 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seawanhaka Corinthian Yacht Club has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $5,500 |
Endowment Analysis
| Beg. Balance | $273,051 |
| Earnings | -$3,397 |
| Ending Balance | $269,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |